Eliminate the risk of costly, high-failure 'Big Bang' replacements with our modular, API-first pathway to non-disruptive core modernization. Deploy high-performance building blocks for New Business & Underwriting, Claims Management, Policy Owner Servicing, and Reinsurance to modernize critical functions without operational downtime.
Accurate risk transfer calculation ensures timely reconciliation, driving solvency confidence and superior financial optimization across all treaties and Bordereaux.
Management of Life-specific treaties (e.g., Yearly Renewable Term, Coinsurance, or Stop-Loss). The module defines contract terms, premium rates, commissions, and specific financial limits (retention/capacity) by product or line of business.
Automated calculation and transmission of cessions based on risk retention rules. This includes calculating the portion of premium and corresponding risk to be ceded, and generating accurate financial bordereaux for seamless settlement.
Adjustment of both policy reserves and claim payments based on the reinsurer's share. When a claim is paid or reserves are calculated (e.g., statutory reserves), the module determines the reinsurer's recoverable amount, ensuring the insurer's balance sheet reflects the net liability.
Provides precise net risk exposure data crucial for capital management (e.g., IFRS 17). By accurately tracking the risk transferred, the module helps the insurer optimize required regulatory capital and improve financial reporting accuracy.
Achieve unprecedented operational agility by automating treaty management, bordereaux generation, and claims recovery to accelerate monthly and year-end closing.
Talk to one of our experts
